Cities with the most expensive homes in Arizona

The most expensive homes in Arizona are primarily in the Phoenix-Mesa-Chandler metro area, with Paradise Valley leading at a typical home value of $3.5 million, showing a 12.9% increase over one year and 84.1% over five years. Other high-value cities include Carefree, Cave Creek, and Fort McDowell, all exceeding $1 million. Home values vary across cities, with some experiencing slight declines in the past year but significant growth over five years.